It is impossible to enjoy idling thoroughly unless one has plenty of work to do. There is no fun in doing nothing when you have nothing to do. Wasting time is merely an occupation then, and a most exhausting one. Idleness, like kisses, to be sweet must be stolen. - Jerome K. Jerome

Friday, September 05, 2008

Ensure that the entire process is under your control. This is very important. There will be temptations to do that deal with a large company who will get their entire sales force to sell your product. It will be lucrative to get integrated with this large pan-indian bank so that your cash management becomes a trivial problem. Trust me, this will not work. The fact that you want to do any deal with an external party means that you feel that the problem is a difficult one for you to tackle. Wisdom has taught us that the only reason the external party agrees to do the deal is they don't realize how difficult the problem is. In the initial days, it's important for every company to have full ownership and a fool-proof plan they can implement to solve the difficult problems they come across.

Never hire through recruiters. We have found that the best way to hire is through referrals and through job portals. Recruiters are just lousy. If your HR person is using a recruiter or wants to use one, it just means they don't want to put in the effort to do the job themselves. Of course the best hires are people who have worked with other team members in the past.